Mark Mobius – Charm

Mobius Joins Goldman Bet on China Boost for EM Equities

Cs news8 months ago04 mins

(Bloomberg) — Emerging-market equities will be boosted by stimulus measures in China thanks to the country’s large weightings in indices and close economic ties with other developing countries, according to veteran investor Mark Mobius and Goldman Sachs strategists. Most Read from Bloomberg China accounts for one quarter of the benchmark MSCI EM equity index and…

US$3 billion blunder: Walmart, Prosus, Tencent miss the China rally with premature exits

Cs news8 months ago8 months ago03 mins

Beijing’s big-bang stimulus may have restored more than US$3 trillion of value to Chinese stocks, but not everyone has been lucky enough to reap that windfall, especially those who timed their exit before the rally took hold. Retail giant Walmart sold 144.5 million of JD.com’s US-listed shares at US$24.95 each on August 20, missing out…